Gas price hike blamed on change in seasons, motorists 'shocked'
Gas prices jumped an average of 14 cents per litre overnight, leaving motorists in Waterloo Region surprised.
"[It was] a pretty steep hike in one day. That was a little bit insane," driver Gianna Casselli said.
Long lineups were seen outside gas stations in Waterloo and Guelph last night as motorists rushed to fill up before the anticipated hike. On Thursday, people like Casselli, were disappointed by the change.
"It was shocking," Casselli said.
What's the difference between winter and summer gas?
Climbing to levels not seen in nearly two years, the price is being blamed on the switch from winter fuel to a more expensive summer blend. Experts said that changeover typically results in an increase of about 6 to 10 cents per litre.
“Never in my lifetime have I seen it going up 14 cents a litre, because of this,” Jim Voigt, owner of Columbia Auto Service, said.
According to Voigt, there is a difference between winter and summer fuel. To properly deal with evaporation, butane is added to winter fuel, but summer fuel contains additives that are more expensive.
“Additives to help in the burning and the evaporation of the fuel,” Voigt explained.
Chief petroleum analyst at En-Pro International Roger McKnight says fine tuning the refining system costs more to switch to summer blends.
“I think it's a little bit excessive. In March of 2022 it went up 16 cents,” McKnight said.
Summer blend fuel should get better gas mileage though, because it has less butane.
Gas companies accused of 'gouging'
Voigt said regardless of seasonal factors, this hike is unacceptable.
“I’m very upset. It’s puzzling to me that the gas company thinks they can pull this one over on us,” Voigt said.
On Wednesday morning, Ontario Premier Doug Ford called out oil companies, blaming them for "gouging" and messing with Canadians.
“It's unacceptable. Everywhere I was going, it was about $1.59. You wake up this morning and it's a $1.80. You know, it's absolutely disgusting,” Ford said.
Voigt wants to see Ford and the federal government do more to reduce the prices.
“Complain. Talk to the owners. The federal government brought all of the grocery store owners together and complained about the price of groceries. I don’t see anybody calling in the oil companies to talk about why they’re raising the prices so high,” Voigt said.
McKnight expects the price will drop four cents tomorrow, but it won't go back to winter pricing until September.
He said because of our trade relationships with the United States, Canada can't really do much to change the prices.
“Prices in Canada are not made in Canada. They're made in the United States,” McKnight said.
The Canada Energy Regulator declined an interview saying they have not done a recent analysis of gas prices.
Wednesday’s prices may be the highest motorists have seen in quite some time, but according to Canadians for Affordable Energy, the price is well short of the record high of 215 cents per litre set in June 2022.
The website GasBuddy.com keeps an updated list of gas prices at stations around Waterloo Region.
CTVNews.ca Top Stories
Poverty report cards: Which provinces got the worst grades?
Poverty and food insecurity have worsened in most of Canada in the past year and most provincial governments aren't doing enough to address the problem, according to a just-released series of report cards.
BREAKING Toronto man who stabbed, decapitated mother in 2022 found guilty of 2nd-degree murder
Dallas Ly has been found guilty of second-degree murder in the death of his mother, whom he stabbed during a dispute in 2022 before decapitating and dumping her remains on the side of the road in east Toronto.
'I feel betrayed': Ottawa-area customers out thousands of dollars warn of bad faith contractor
A group of people from eastern Ontario and western Quebec is issuing a warning about Dennis Walker and his company Vue Windows.
Former Republican presidential candidate Nikki Haley says she will vote for Donald Trump
Nikki Haley said Wednesday that she will be voting for Donald Trump in the 2024 U.S. Presidential Election.
Woman found dead in Lake Ontario in 2017 matches identity of missing person in Switzerland
Genetic genealogy has helped Toronto police identify a woman who was found dead in Lake Ontario in 2017.
With 10K providers offering care to 2M seniors, health minister defends dental plan
Canada's dental care plan is 'getting there' Health Minister Mark Holland said Wednesday defending the program's rollout that's now seen two million seniors sign up, but just 10,000 oral health providers enrolled to treat them.
Recognized as a role model, Canadian soccer star Christine Sinclair gets her own Barbie
Legendary Canadian soccer player Christine Sinclair is now immortalized with a one-of-a-kind Barbie doll that looks just like her.
'Montreal is pretty safe,' police say after 7 homicides in 10 days
Montreal police are investigating a triple homicide after three young people were stabbed to death in an alleyway Tuesday evening. The killings mark a particularly violent period of the year so far, with seven homicides recorded since May 12.
Fish oil supplements may raise risk of stroke, heart issues, study suggests
As an excellent source of heart-healthy omega-3 fatty acids, daily fish oil supplements are a popular way to keep the risk of cardiovascular disease at bay.